Latin America Ai Governance Market Size & Outlook
Latin America ai governance market, 2017-2030 (US$M)
Related Markets
Latin America ai governance market highlights
- The Latin America ai governance market generated a revenue of USD 11.9 million in 2023.
- The market is expected to grow at a CAGR of 39.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 11.9 million |
| Market revenue in 2030 | USD 122.3 million |
| Growth rate | 39.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | ABB Ltd, DXC Technology Co Registered Shs When Issued, International Business Machines Corp, Infosys Ltd ADR, Microsoft Corp, NTT Data Group Corp, Oracle Corp, SAP SE ADR, Siemens AG, Tata Communications, TIBCO |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.1% of the global ai governance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 474.7 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America ai governance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai governance market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 65.55% in 2023. Horizon Databook has segmented the Latin America ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
Latin American countries are seeking international partners for guidance and support in developing AI governance frameworks. The European Union has positioned itself as a global leader in AI regulation and is working with Latin American countries to promote ethical standards, data privacy, and human rights in the development and use of AI.
The EU-Latin America digital alliance summit in 2023 was a significant step in this direction, with both regions committing to more structured cooperation on AI governance.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ai governance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ai governance market size, by country, 2017-2030 (US$M)
Latin America AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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